Be an expert at losing..Trading is a complex venture that involves understanding financial instruments, charts, patterns, market conditions, risk management and other factors.
Becoming a successful trader requires more than technical knowledge. You also need to develop the right mindset to navigate the psychological intricacies of trading.
Human emotion, instinct, and behavior can profoundly impact your decision-making process. That’s why it’s important to understand trading psychology.
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Experttrader
BTC Swing Short then LongHere's an idea nobody are talking about but it is one that is to be considered. If BTC were to follow these 2 trendline, i'll be wanting to accumulate in the golden ratio zone 28-30K before the real bounce up to 85K++. I hope this opportunity do come which flushes out short term investors and invites new long term investors to come in at 30K. Timeline for this might be 12-18 months since i've charted this using the monthly chart.
MY IDEA FOR BITCOIN(BTC) UP TO ....., READ THE CAPTIONBitcoin has surged to impressive heights, marking a remarkable 26-month high as it soared to $53,360, a gain of over 4.6% within just 24 hours. Analysts are buzzing with excitement, with some like Ali Martinez pointing out the significant activity among Bitcoin whales. 🐋 These major players in the crypto market seem to be going parabolic, indicating a bullish sentiment and fueling speculation about a potential rally towards $60,500. It's a testament to the growing interest and confidence in Bitcoin as it continues to make strides in the financial landscape. 📈🚀
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GOLD consolidation beginsGOLD is consolidating following the bullish momentum move.
Price made a divergence and pulled back from the resistance level .
The price is getting close to the Fibonacci 38.2 level as well as the dynamic support and psychological level at 2000.
We anticipate 2 legged pullback or consolidation until price action shows otherwise.
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GBP/USD BUY "W PATTERN" (DOUBLE BOTTOM)OANDA:GBPUSD
HI , TRADER'S , OUR PREVIOUS ALL PREDICTION'S ABOUT GBPUSD REACHED TARGET
As you can see in chart market is making W pattern , which is also known as double bottom chart pattern
It's a bullish pattern in which market make 2 bottom's , and from second bottom buyer's push market up
Now 20,50 and 200 ema is supporting market , and more 150 + pip's expected
Take your entry if any dip come.
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EUR/USD Perfect PRICE ACTION OANDA:EURUSD
HI , TRADER'S ... Our previous forecast reached Target
Now market is trading in Falling wedge , Market is in bearish trend since Last 3 weeks
Soon market will retest Lower trendline And From there market will gather Bullish force to push market up and breakout from wedge
Entry from major support level will be more profitable
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Next Daily Chart Candle Will Decide the XRP TrendChart Pattern: Descending Triangle
The descending triangle is constructed with a flat support line and a downward-sloping resistance line and It usually gives us a STRONG BEARISH SIGNAL...!!!
e can see the beautiful descending triangle on the Daily chart time frame. The descending triangle is constructed with a flat support line and a downward-sloping resistance line and It usually gives us a STRONG BEARISH SIGNAL...!!! but we should wait for the next candle to break the support or resistance line and decide its trend.
RSI at all major time frames also indicates that the market has strong potential for fall, so I'm 90% sure that the upcoming trend will be bearish but again it is good to wait for a break out/down.
Bitcoin Price Analysis Bitcoin underwent some volatile days over the past week, facing its first geopolitical severe conflict throughout its relatively short lifetime.
The macro fear has yet to cool down, but judging by the last few days, bitcoin surprised the investor with a huge bounce back from $34K. This buying pressure was from FTX and Bitfinex exchanges and pushed the price to $40K, in correlation with Wall Street’s Thursday reversal (Nasdaq saw a 7% intraday surge).
The uncertainty and fear in the market on one side and the positive momentum in the price action on the other side are constructing a trading range between $34K and $40K.
Ace Trading Academy - AUDUSD Analysis Update 12-30-2021 8:00am Updated video from last video made. AUDUSD has followed what has been said and is still going in the bullish/upward direction and is following a fib tool as we speak. Watch video for breakdown and analysis. Watch last video on my profile for full chart breakdown! Like, Comment, and Follow! Im open to discuss ideas!
EUR/USD Next Move After Correction 📉EUR/USD next position after correction ABC wave, (0.5) fib. retrace area for next target of wave C (0.382).
0.5 = HH and LL of wave C, if you draw a fib. retracement put b and then to c you will get (0.618) on 0.5 area.
But wait until reversal trend
0.5 area (Yellow).
SAXO:EURUSD
USD/JPY Trading Idea BullishHello Traders
USD/JPY Price is holding between .50 and 61.8 Fibonacci level. Middle line of the channel and 200 SMA are acting as strong support level. I think price will .618 level @ 107.451 and then will reverse. RSI and Stochastic are oversold .
If Market holds .618 level and reverse to the upside profit targets will be between 109.00 and 111.00
GBP/USD 4 hour chart (Bullish Prediction)Hello Traders, I was doing some wave counting in the 4 hour chart GBP/USD and notice we are currently in the last corrective wave of an expanded flat pattern (Wave C). According to Elliot Wave Fibonacci guidelines wave C retracing points are 1.236(already broken) and 1.618 where it's getting close. RSI & Stochastic are showing some divergence on 1 hour chart as well which indicates a possible reversal.
My long entry set up for this will be once price hits 1.618 fib level and or price breaks above the top parallel channel line.